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743 S Berendo St, Los Angeles, CA 90005
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743 S Berendo St Los Angeles, CA 90005

$3,455,000
  • 12 Beds
  • 16 Baths
  • 9,955 Sq.Ft.
For Sale
$3,455,000 Get Pre-Qualified
Map preview of 743 S Berendo St, Los Angeles, CA 90005

Property Overview: 743 S Berendo St Los Angeles, CA has 12 bedrooms, 16 bathrooms, 9,955 living square feet and 12,001 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present this 16 unit offering located on Berendo just a block south of Wilshire Blvd in the heart of Koreatown. The property has an excellent unit mix consisting of (1) 2 Bed / 1 Bath,(10) 1 Bed / 1 Bath, (5) Single / 1 Baths. The subject property isa courtyard style building built in 1950 and has been very well maintained with beautiful landscaping, a secure gated entry and parking in the rear. The units are spread out across 9,955 square feet of gross leasable area and sits on a large 11,998 square foot lot that is zoned LAR4.Situated in the heart of Koreatown, 743 S Berendo St benefits from its central location and excellent connectivity. The neighborhood is bordered by major thoroughfares such as Wilshire Boulevard to the north and 8th Street to the south, providing convenient access to other parts of Los Angeles. The nearby 101 and 10 freeways offer quick connections to the rest of the city and beyond. Additionally, public transportation options are abundant, with several bus routes and the Wilshire/Western Metro station nearby, making it easy to navigate the city without a car. The neighborhood is famous for its fantastic dining scene, with numerous Korean BBQ restaurants, trendy cafes, and night life. Call listing agents for Offering Memorandum.

Listed by William James | BRE #01734419 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Peter James | BRE #01748556 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 53 seconds ago | Last updated: May 23rd, 2024 | Source CRMLS | DOM: 46
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Home details

Lot Sq. Ft
12,001
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24392659
City
Los Angeles
County
Los Angeles
Time on Site
45 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,282
  • Total Rent: $6,408
  • Pro Forma/Market Rent: $8,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,172
  • Total Rent: $2,172
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,890
  • Total Rent: $18,895
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.27%
  • Gross Rent Multiplier: 10.31
  • Gross Scheduled Income: --
  • Net Operating Income: $216,776
  • Gross Operating Income: $327,577
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 743 S Berendo St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator, Range
Interior Features
  • Levels: Multi/Split
  • Security Features: Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Carport, Assigned
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 16
  • Parcel Number: 5094009017
  • Architectural Style: Mid Century Modern
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Heading East on Wilshire towards downtown LA, go South on Berendo.
View more facts & features

Local Los Angeles Agent

Sale History for 743 S Berendo St

Last sold for $910,000 on October 4th, 2002

  • May, 2024

  • May 15, 2024

    Date

    Active

    CRMLS: 24392659

    $3,455,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23277621

    $4,000,000

    Price

  • Jul 13, 2023

    Date

    Active

    CRMLS: 23277621

    $4,000,000

    Price

  • Listing provided courtesy of CRMLS

  • October, 2002

  • Oct 4, 2002

    Date

    Sold (Public Records)

    Public Records

    $910,000

    Price

  • June, 1995

  • Jun 5, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 743 S Berendo St

Assessed Value (2020): $1,209,079
Year Land Value Improved Value Assessed Value
2020 $662,153 $546,926 $1,209,079

Home Value Compared to the Market

This property vs the competition

743 S Berendo St is listed 179.53% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $347.06 per/sqft which puts the price per square foot 55.22% lower than the median price per square foot for the city of Los Angeles.

About 743 S Berendo St

Detailed summary of property

743 S Berendo St is a multi family located in Los Angeles, CA 90005 and is currently for sale. This multi family property offers 12 bedrooms, 16 bathrooms, roughly 9,955 living square feet, and sits on an approximately 12,001 square foot lot. 743 S Berendo St was first listed on ArdentRealEstateGroup.com on May 17, 2024. The homeowner is currently asking $3,455,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 179.53% higher than the median priced home. Local competing homes currently for sale include 833 S Alvarado St, 1435 Alvarado and 2330 W 3rd St. While the average home in Los Angeles, CA is selling in 99 days, 743 S Berendo St has a days on market of 46 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 743 S Berendo St Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 743 S Berendo St

Public county record property details
Beds
11
Baths
16
Year built
1950
Sq. Ft.
9,955
Lot Size
11,997
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
5094-009-017

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$835,000
Median List Price/Sq.Ft.
$641
Median Sold Price
$699,000
Median Sold Price/Sq.Ft.
$692
Total Inventory
38
Median Sale to List Price %
82.33%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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